Stevedores Tempt Bolsonaro’s Wrath, Raising Risks for Hyundai, VW — Panjiva
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Stevedores Tempt Bolsonaro’s Wrath, Raising Risks for Hyundai, VW

Brazil 416 Cons. Discr. - Autos 1251 Corp - Ports 911 ESG 61 Industrials - Capital Goods 623 Mode - Containerized 1525 Strikes 78

The risk of strikes has returned to the Brazilian port of Santos as unions test the resolve of the Bolsonaro administration to tackle labor disputes. Santos accounted for 46.4% of containerized freight inbound to Brazil in the 12 months to Mar. 31, raising significant risks for regional supply chains if disruptions prove lengthy. The largest containerized freight exporters shipping into Santos are focused on the autos and capital goods sectors. In autos that includes Hyundai with 14.1k TEUs shipped in the past 12 months to Mar. 31 and Volkswagen’s truck subsidiary Scania with 13...

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